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• Villas and apartments in Turkey in stunning locations and coming soon, luxurious cottages in Bath.

• So says Global Property Guide's Property Recommendations. It says gross rental yields are currently at 5.48% with 'significajt potential for growth' Overseas Mortgage Finder also says Turkey is the 3rd largest source of enquiries for mortgages (June figures)

Tax rebate for holiday home owners

• Are you a UK resident for tax purposes? Do you own a property available for holiday let in Europe? Do you make that property available for let? Did you purchase the property for more than £150,000? If you can answer yes to all of these questions, you may be eligible for a Capital Allowance Tax refund of around £10-15,000. We have teamed up with International Property Success who have arranged a no upfront fees scheme with a tax expert. The scheme is fully HMRC approved. The amount you can claim will vary according to the rate of tax you pay and the specifics of the property. Claims are administered swiftly. You will receive a report on your rebate, showing how much you can reclaim, in most instances within 8 weeks. International Property Success are advisers that specialise in the capital allowance field. They do not charge upfront fees - you only pay once your case has been approved by your accountant. Experience shows that unless an investor has access to the appropriate level of expertise it is rare for all available tax allowances to be identified which means that the majority of Investors are not claiming all the tax allowances they are entitled to. If you would like to find out if you are eligible for this tax break, please contact us immediately. Tax rules change frequently and can be withdrawn at any time. This rule will be reviewed in April.

Hot deal from Pegasus

• Pegasus Airlines, Turkey's low cost carrier, are offering 5000 seats to Istanbul at £39.99 one way, for flights taken between November 2009 to November 2010. The flights can be booked now and fares include all taxes and charges but are subject to availabitily. Pegasus offer connecting flights to 11 cities in Turkey including Bodrum, Izmir, Ankara, Dalaman and Antalya.

Global property prices on the up?

• With interest rates around the world at an all time low, many countries are reporting signs of improvement in their property markets.

Fractional ownership increases its appeal

• More developers are looking at increasing the appeal of fractional ownership to mass markets.

Costa bargains reignite interest

• According to Rightmove.co.uk's overseas division, interest in the Spanish market is crawling up again. Spain accounted for 21% of overseas searches on the website in June 2009, an increase of 0.3% on May. France followed hot on Spain's heels with 17%, although the percentage of hits had decreased by 8.2%. Half of the regions that featured in the top climbers list were Spanish, with Tenerife experiencing an 9.1% increase in searches followed by the Costa del Sol with an 8.7% increase. Another high achiever was Turkey, whose market share rose by 13%, taking it into the top 10 countries searched. The Bodrum Peninsula proved particularly popular. The biggest loser was Dubai with a year on year decrease in searches of 60%.

Investing for the long term - Villa Park

• People often say to us, “is now a good time to invest?” and the truth is nobody knows.

Eurozone recession deepens as house prices drop

• Data compiled by the Financial Times on house prices in the 16 countries of the Eurozone shows a 4.8% drop in prices in the final 3 months of 2008, compared to the same quarter of the previous year.

Wealthy French property owners warned of tax inconsistencies

• Despite President Sarkozy’s significant increases in the 'abattement', or level at which a beneficiary has to pay inheritance tax in France, wealthy property owners should still be wary of inconsistencies between the French and British laws that govern inheritance tax.

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